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2� 1 ��8514
<br /> D��� �� TRUST
<br /> �Cv�lfl�U�d} Page 4
<br /> incurred by i'rustee or�ender in connectia n�r ith t�e condern nation.
<br /> IMPDSITION QF TAXES, FFES AND CHARG�S BY GOV�Rh!l�EiV7AL AUTH�RIT[ES, The To�low�ng prvvisions relating
<br /> to governmen#al taxes�fees and charges are a part of tE�is Deec�of Yrust:
<br /> Gurcent�axes, Fees and �harges, Upvr� requ�s�by Len�er, Trustar shall exe�ute such dacum�nts in addit�on to
<br /> f his Deed�f Tfust and tak��nr�atever oth er action is requ�sted�y Lender�a p�rfect and conti nue Lende�s lien on
<br /> ��e Real Propeny. �"rustor sE�al! re�mburse Lender for all taxes, as described �elovw, tagether wi�h all �x�enses
<br /> incur�ed �n tecordi�g� perfecting ot continuing thi� Deed af Trusf� inc�uding wit�aut lirnitatior� al[ taxes, fe�s,
<br /> docurnentary stamps,ar��vt�er charg�s for�-ecvrding or�egisterir��this Deed o�Trust.
<br /> Taxes, �'he following sha[I consti#ute taxes to u�rnich t�is section �pplies: ��} a specific fax upon this type of
<br /> Deed of Trusk ar upvn,al[ or any part af the lndebtedness sect�red b�r this ❑eed of Trust; �2} � specific fax 4n
<br /> Trustor whi�h Tr�stor�s authorized or required ta dedu�t from payments❑�t�e lndebtedn�ss secured by this type
<br /> of peed of Trust; �3} a ta x on ��is type�f peed of Tr�st chargeable against tf�e Lender or th e h a�der of th e N ote;
<br /> and (4} � s�ecifc t�x or��f1 ot any po�tio� of the 1r�debtedness or on paymen#s of principal and interesk made 6y
<br /> Trusta r.
<br /> Subsequent Taxes. �f any t�x to whi�h t�is sectian a���i�s is ena�ed subsequent to tf�e r��te of tf�1s D�ed af
<br /> Trus�, tf�is event sha�ll harre the same effe�� as an E�er�t of Defauft, �nd Lenr�er may exercise any or a11 of its
<br /> a�ailable reme�dies far an �vent of aefau[t as �rovided �elow unless'Z'rustor eitF�e� �'i� p�ys the tax before �t
<br /> becames delinquen�� or {2) contests the tax as praW�ded abo�e in#he Y�xes and Liens section and depos�ts wi�h
<br /> �endeT cash ar a suffc�ient corporate s�r�ty�ond ar oth�r security sa�tisfac�ory to�ender.
<br /> SE�URI7Y A�REEi�I�NT; FI�A[�C1NG STATE�f�NTS. The following pra�risions re�ating to this Deet� af �"�ust as a
<br /> security agree men�are a p art of this Deed o f Trust:
<br /> Secu rity Agreemen#. �'his instrument sh�i! con stitu te a Security A�reement to the extent any of the Pro�erty
<br /> �onstitutes f�xtures, and�ender snall i�ave all of t�e rights of a secured parfy under the Uniforrn Cammercial�ode
<br /> as amended from time to time.
<br /> Securl�y Interest, Upan request by Lender, '�rus�or shall �ake whatever action is requested by �ender to perfect
<br /> and continue Lender's security interest in the Renks 2�nd Personal Pr�perty, In addition tfl re�ordin� this aeed vf
<br /> Trust in the reaf pro�e�ty records, l.er�de�- may, at any tirne and u�rithout further authorization from Trustor, �!e
<br /> executed counterparts, copies or Teproductians of this Deed of 7rust as a financin� s�atern$nt. Trustor shall
<br /> reimburse �.�nd�r tar-all expenses incurred in perfecting ar cont�nuing thls security interest. Llpor�defau�t� Tr�stor
<br /> shafJ nof rernove, sever or detach t�e Personal property frorn the Proper#y, UPor� defaulE, Trustor sF�al� assernble
<br /> any persanaf Property nat affixed to the Property in a rna�ner and at a place reasanabfy con�enient ta�rustor and
<br /> Lendet and rnake ik a��il�b�e to Lender w�thln three �37 days after receipt of written dernand from Lender to the
<br /> extent permit�ed by a�plicable iaw.
<br /> Addresses. The m�i�in� addresses of Trusto r �deblor� a nd l.ender �secured pa�ty� from �rh ich inform ation
<br /> Goncerning the security int��est gran#ed by tF�is Deed of�rust may be obtained �ea�h as required by the l�nifvrm
<br /> �ommerci��Code�are�s stated an ff�e first pag�of fhi$ Deed of Trust.
<br /> �URTHER AS S URAN C�S; AT"i'�F�N�y.�N-�ACT. The follawin g �ravisions ��I�ting to ��rtf�er assurances ar�d
<br /> aitorney�in-fact are a p�rt a�this �eed of Trust:
<br /> �urther Assucanc�s. At any tim�� and ffam tirne ta tirne, upon r�quesk vf L�nde�,Yr-ustar tinri�l make, exec.�ute and
<br /> deli�er,or v�rii I cause to be made,executed or delivered,�a Lender or#o�end���designe�,and wflen r�quested by
<br /> Len�er, c�use to be filed� rccortted, refiled, or rerecarded, as the case may be, at suc�times and in such o�fices
<br /> and pfaces as Ler�tter may deem a�apropriate,�ny and all such mongages, deeds at#rust, security deeds,security
<br /> agreements� fina�cin� stater�nents� continuation statements, instrumen#s of turther �ssur�noe, �ertificates, and
<br /> other documents as may,Tn th�sole opinion p�L.end�r, be neces�afy or desirab�e in arde�-to effectt��te, complete,
<br /> p�rfect, cantinue, o�- pr�serve �"i} �i'rustors ob�igatior�s und�r the No�e, tf�is �eed of Trust, and the �efat�d
<br /> Dac:�ments, and �2} th��iens and security in�erests �rea�ed by t�is�ed of Trust�s first �nd prior lie�s fln the
<br /> Property,v�hethe�-nvv�r awr�ed or here�fte�-avquired by Trustor, Un�e�s prohibited by 1aw or�er�d�r agrees to�he
<br /> oantrary i� v�rriting, Trustor sha�� rcimburse �errder f�r af I �osts and exper�ses in�urreol in oannect�on vwitE� the
<br /> matters r�ferred to fn ti�is�aragrapn.
<br /> Attarnny-En-Fa�t. lf Tn.istor f�ils to do any of the thl�gs re�erred to in the�reCe�iing p�r�g�d��i� Lender rr�y�o sv
<br /> for and ir�the name�f l"nastor and at Tn.�stor's expens�. For such purpose�,Trustar hereby i rre�r�cab�y�ppo�nts
<br /> �.ender as Yrustor's attorney-in-fa��fot the�urpose of rna�Cing,executing� deliWer�n�,filing, recording,and doin�s�!
<br /> other#hin�s as may be nec�ssary o�de.sirable, in Lende�s sole o�in�an, �o aoaamplish the matEer� referre�to in
<br /> t�te preoeding paragr��h,
<br /> FUL�PERFaRI'VfAI��E. If Trustor pays a11 th�l�debtedness, includ�ng withou#iimit�tion a�!future ad�ances,when rtue�
<br /> �nd otherv�rise pe�for�ns all the ab�igations imposed upo� Trustor ur�der th is De�d �f Trust, Lender shalf exe�ute and
<br /> de�iver #o Trus#e� a r�quest �or �u II reoanveyance and shall execut� and de�iver to Trustar suifab�e statements of
<br /> termi�ation of a�y fir�anci�g statement ori file eWidenc�ng Lenc�er's security interest 1n the i�ents and the (�e�onal
<br /> Property. Any recan�ey�noe fe�r�quired by I�w shal�be p�ld by�'rustor,if perrritted by appf icable iaw.
<br /> �11��lTS �F d�FAULT. �ach of th e fal�owing, at �.end e�'s vptia n� sha Il co n stif u�e an Eve�t of D efau Et unde r ti�is �eed
<br /> of'f"rust:
<br /> Payment Detault. Trustor fails to ma�te any payment when due und�r the�ndebtedness.
<br /> �th�r Defaults. Trustar fa91s to comply with or to perform any athe� term, oblig2�tion, cv�en�nt ar condition
<br /> conf2�ined in th is De�d of 7rust vr in any of the Related docurr-�ents or to comply wi�h or to perform any term�
<br /> obll�ation,Covenarl�ar cant�itivn conf�ined ir�any Othor apreemont bntwn�n Londor or�d T�uutor.
<br /> C�m p�iance D efa ult, Failure to com p�y w ith any other term, obi�gatio rt� cav$r�ar�t ar condjtion contained in t�is
<br /> Deed of Trusf,the Note or in any of the Related documents.
<br /> Defa ult on Qther Payments, F�i�ur�of Trustor with in the t1m e req uired by this Deed o f Tru st tv rr�ake any p�yment
<br /> for taxes or insurance�or a�y oiher payment r�ecessatyr fo prever�#flin�of or to effect disc�arge of any lien.
<br /> l�efa�tit irt Favvr af Third part�es, Should Grantvr d�fa t�It under any Ioan, �xtensian of credit, se cUrity agre�ment,
<br /> af�ec�a��Sales agreement, or any ather agreement,�n faWor of any ot�er cre�(tor or person that may materia�Iy
<br /> n y o f �r a n t o�'s p r o p e r t y o r �r a n t o r s a b�l i t y t o r e p a y t h e 1r�de b te dness vr Granto�'s ability to perform
<br /> Crarttor's ab��ga�ions under this D�ed of Trust or any o�the Re�ate�f Documents.
<br /> Fatse 5�atements. Any warranty, representation ar stateEnen# made or fur�ished to Lender by Trustor or on
<br /> Trustor's b���lf under t�is �eed of Trust ot#he Relafed DocUr�ents is false vr misle�ding In any material res ect�
<br /> e�ther no�r vr at the time rnade or furnished or becomes false or misleadin�at any t�me ther�affer. p
<br /> Defective Co�lateral�zat�on. T�Is ��ed of Tr+�st or a�y of the Re�ated Doeuments ceases to be �r� ful� force anci
<br /> efiec� �incltrdin� fai�ure of any ca��atera� document to cr�ate a vaalc� and pe�e�ted security intersst or Eien} �t�r�
<br /> time and for any reason. Y
<br /> Death or�nso[ven�y. The death of 7rustor,ti�� inso�ven�y af Trustor,the appointrrtent af a receiver�or an}�part of
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